Streetbeat News

Acquisitions Mergers

SWIM

Latham Group shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance above estimates. Additionally, the company announced an acquisition of Coverstar Central.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:53 am

GTHX

Pharmacosmos Group is set to acquire G1 Therapeutics, with G1's shareholders receiving $7.15 per share in cash, valuing the total equity at approximately $405 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:35 am

ZBH

Zimmer Biomet Holdings, Inc. (NYSE: ZBH) has announced the acquisition of OrthoGrid Systems, Inc., a company specializing in AI-driven surgical guidance systems for total hip replacement. The acquisition includes OrthoGrid's Hip AI® platform, two FDA-cleared applications, and over 40 patents.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:34 am

NOG

Northern Oil and Gas (NOG) has exercised its option to acquire a 20% undivided stake in the Altamont assets in partnership with SM for $17.5 million in cash, subject to customary closing adjustments.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:10 am

SHEL

Shell and BP are set to fund the restart of South Africa's Sapref refinery, which they are selling to the government for 1 rand. The companies will pay about $15 million to the Central Energy Fund for operational costs. The deal aims to revive the refinery and secure petroleum supplies amid declining refining capacity in South Africa.

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 9:48 am

PLD

Prologis-sponsored FIBRA Prologis has secured a 77.14% ownership of Terrafina, expanding its industrial portfolio in Mexico. This acquisition includes 42.2 million square feet of industrial real estate managed by Terrafina, adding to FIBRA Prologis' existing 46.9 million square feet of logistics and manufacturing facilities.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:31 am

SPWR

SWI

SolarWinds Corp. (NYSE: SWI) will replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 index following SunPower's Chapter 11 bankruptcy filing. The change will be effective prior to the opening of trading on Friday, August 9.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:28 am

AMD

AMZN

ARKF

ARKK

ARKQ

ARKW

ARKX

RDDT

Cathie Wood's Ark Invest made significant trades in Amazon, Reddit, and AMD. Ark ETFs including ARKF, ARKK, ARKW, ARKQ, and ARKX were involved. Reddit reported strong Q2 revenue but faces challenges. Amazon remains a popular choice for Ark. AMD shares rose amid NVIDIA's design flaw issues.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 2:29 am

AAWH

CCHWF

CRLBF

CURLF

GTBIF

TCNNF

VRNOF

The article discusses key trends in the cannabis market across various states ahead of the second quarter earnings season. It highlights the performance of major players like Trulieve, Verano, Curaleaf, Green Thumb, Cresco, Ascend, and Columbia Care in states such as Florida, Illinois, Pennsylvania, Arizona, Maryland, New Jersey, Ohio, and Michigan. Federal reform expectations, IRS news on 280E, refinancing potential, and M&A strategies are identified as main drivers of sentiment.

Portfolio Pulse from Nicolás Jose Rodriguez

August 07, 2024 | 1:46 am

APO

VALE

Apollo-managed affiliates and other long-term investors will invest $600 million to acquire a 50% interest in a joint venture entity related to Vale Oman Distribution Center. The transaction is expected to close in the second half of 2024, subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:51 pm